‘We can’t just trust’: The thinking behind Trump’s get-tough approach to China
WASHINGTON (Reuters) – When Liu He, Chinese President Xi Jinping’s top economic adviser, came to Washington in late February, he was expected to make arrangements for restarting trade talks that President Donald Trump had put on ice.
Facebook backs U.S. regulation of internet political ads
SAN FRANCISCO/WASHINGTON (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg on Friday endorsed U.S. legislation to regulate political ads across the internet, a concession to lawmakers days before he is scheduled to testify in two U.S. congressio…
Wall Street slides as U.S.-China trade spat intensifies
(Reuters) – The Dow Jones Industrial Average fell more than 450 points and the other main indexes slipped on Friday after U.S. President Donald Trump’s latest tariff threat on Chinese imports revived fears of a trade war between the two countries.
NAFTA ministers meet to work on possible deal, focus on autos
WASHINGTON/OTTAWA (Reuters) – Top U.S., Mexican and Canadian trade officials met on Friday to discuss prospects for updating the North American Free Trade Agreement amid pressure from Washington to strike a quick deal despite several unresolved issues….
Fed’s Powell points to further gradual rate increases
CHICAGO (Reuters) – The Federal Reserve will likely need to keep raising interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tension…
Trump threatens more China tariffs, Beijing ready to hit back
BEIJING/WASHINGTON (Reuters) – China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 …
Rival banks applauded U.S. watchdog on 2016 Wells Fargo settlement: emails
WASHINGTON/NEW YORK (Reuters) – Rival lenders privately congratulated the top U.S. consumer watchdog on its $100 million settlement with Wells Fargo over the bank’s phony accounts scandal, according to internal documents published by the Consumer Finan…
U.S. job gains smallest in six months, wage growth firming
WASHINGTON, (Reuters) – The U.S. economy created the fewest jobs in six months in March as a boost from milder temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to further raise …
Exclusive: Ukraine’s largest airline may sue again in tussle with Ryanair
KIEV (Reuters) – Ukraine’s largest airline may launch new legal action over the entry of Irish low-cost carrier Ryanair into the market if its complaints over airport slots are not addressed, its chief executive told Reuters on Friday.
Union at Volkswagen’s Skoda Auto accepts 12 percent wage increase offer
PRAGUE (Reuters) – Union representatives at Volkswagen-owned Skoda Auto said on Friday they had accepted management’s offer to raise wages by 12 percent, averting a strike at one of the largest manufacturing plants in the Czech Republic.
